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<Research>CCBI Expects HSI to Fluctuate Around 22,000 in ST, Calls for Range Trading Strategy
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The HSI, HSCEI and HSTECH slumped 6-10% over the past month, according to CCBI's research report.

Most sectors declined among the Hang Seng Composite Industry Indexes. Of which, healthcare and utilities were the best performers, rising 6% and 2%, while industrials and information technology were the worst performers, slipping 8% and 7% each.

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In the short term, the HSI is expected to fluctuate around 22,000. CCBI advised investors to adopt a range trading strategy, and pay close attention to the progress of the US-China tariff negotiations and changes in non-tariff barriers, with a focus on dividend-paying sectors with defensive characteristics.

CCBI also listed stocks with the highest capital and highest southbound capital inflow in recent months, based on data as of 25 April 2025. Alibaba ranked the first place (net buys of $20.722 billion), followed by TENCENT (00700.HK) (net purchase of $14.223 billion), XIAOMI-W (01810.HK) (net purchase of $11.45 billion), MEITUAN-W (03690.HK), POP MART (09992.HK), CNOOC, SMIC (00981.HK) and then CHINA MOBILE (00941.HK).
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